EURUSD-H4.Trend Analysis. 2020/06/14

SYM: EURUSD-H4
Time: 2020/06/14 00:00:00 UTC
Trend Analysis
This analysis will be expired by taking place a week after this date or breaking the largest resistance, the smallest support or the long term trend.

• Trend’s Analysis

Term .................. Trend
Short (STTL).................. Strong Bearish
Mid (MTTL).................. Mid Bullish
Long(LTTL).................. Very Strong Bullish

o The most recently confirmed Uptrend line in Very Long Term for EURUSD_H4 is Very Strong Bullish-LTTL. It was made at 1.06311, 330 candles ago, and confirmed at 1.07477,183 candles ago and confirmed again at 1.7727. A break below this trend line (particularly on heavy volume) would be a Bearish sign. This line is important for analyzers.
o The most recently confirmed Uptrend line in Mid Term for EURUSD_H4 is Very Strong Bullish-MTTL. It was made at 1.07719,127 candles ago and confirmed on 122, 116 and 91 candles ago. This line is important for traders.
o EURUSD_H4 broke above the Mid Bullish-STTL at 1.13014, 23 candles ago. This is a Bearish sign. This Downtrend line may now provide upside Support. The volume on the candle of the breakout was Volume on the day of the breakout was heavy (52% above average).
o The most recently confirmed Downtrend line in Short Term for EURUSD_H4 is Strong Bearish-STTL. It was made at 1.13986,8 candles ago and confirmed on 3 candles ago.
o The current market condition for EURUSD_H4 is: Bullish
• The close is currently below its 30 periods moving average. Prices broke below 30 periods moving average at 1.13222, 6 candles ago. This is a Bearish sign. The volume on the candle of the breakout was neither heavy (75% above average). This moving average line may now provide downside Resistance.
• The close is currently above its 90 periods moving average. Prices broke above 90 periods moving average at 1.08524, 115 candles ago. This is a bullish sign. The volume on the candle of the breakout was heavy (10% below average). This moving average line may now provide downside Strong Support.
• The close is currently above its 200 periods moving average. Prices broke above 200 periods moving average at 108687, 115 candles ago. This is a bullish sign. The volume on the candle of the breakout was heavy (10% above average). This moving average line may now provide downside Very Strong Support.

• Supports and Resistance
Supports
Price.................. Power
1.12260.................. Mid
1.11657.................. Strong
1.11406.................. Mid
1.11184.................. Strong
1.10908.................. Mid
• Supports
o The most recently confirmed downside Mid Support level for EURUSD_H4 is around 1.12260. EURUSD_H4 broke above this level on 43 candles ago. The volume on the candle of the breakout was so heavy (148% above average). We will be expected that the price has some difficulties to break down this level.
o The most recently confirmed downside Strong Support level for EURUSD_H4 is around 1.11657 EURUSD_H4 broke above this level on 51 candles ago. The volume on the candle of the breakout was heavy (100% above average). We will be expected that the price has some difficulties to break down this level.
o The second confirmed downside Mid Support level for EURUSD_H4 is around 1.11406. EURUSD_H4 broke above this level on 51 candles ago. The volume on the candle of the breakout was so heavy (100% above average). We will be expected that the price has some difficulties to break down this level.
o The second confirmed downside Strong Support level for EURUSD_H4 is around 1.11184 EURUSD_H4 broke above this level on 55 candles ago. The volume on the candle of the breakout was heavy (71% above average). We will be expected that the price has some difficulties to break down this level.
o The third confirmed downside Mid Support level for EURUSD_H4 is around 1.10908. We will be expected that the price has some difficulties to break down this level.
• Resistances
1.12633.................. Mid
1.13222.................. Mid
1.13540.................. Mid
1.14345.................. Very Weak
1.15062.................. Extremely Weak
o EURUSD_H4 broke below the downside Strong Resistance level of 1.12633, 1 candle ago. The previous Support level of 1.12633 may now provide downside Mid Support. This level is important for traders. The volume on the candle of the breakout was so heavy (145% above average). We will be expected that the price has some difficulties to break down this level.
o The most recently confirmed upside Mid Resistance level for EURUSD_H4 is around 1.13222. We will be expected that the price has some difficulties to break up this level.
o The second confirmed upside Mid Resistance level for EURUSD_H4 is around 1.13540. We will be expected that the price has some difficulties to break up this level.
o The most recently confirmed upside Weak Resistance level for EURUSD_H4 is around 1.14345. We will be expected that the price has some difficulties to break up this level. Break above this level (particularly on heavy volume) is a Bullish sign. This level is an important for traders
o The most recently confirmed upside Extremely Weak Resistance level for EURUSD_H4 is around 1.15062. We will be expected that the price has some difficulties to break up this level.
• Momentum Indicators
o Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 24.8442. This is not an overbought or oversold reading. The last signal was a Bullish, 2 Candle ago.
o Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 42.74. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a Bearish, 13 Candle ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -144. This is an oversold reading. The last signal was a Bullish, 3 Candle ago.

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